BUSINESS EXIT PLANNING SERVICES

Yes, we can help with ongoing consulting to help you stay on track in reaching your business goals.

Yes! Reach out to us & we'll send you a sample of both the 5-Year Strategic Plan and the 5-Year Cash Flow Projections. Email: info@valueplanningreports.com Phone: (218) 673-8502 Book a Discovery Call: https://www.valueplanningreports.com/book-online

Yes! We work with business owners & startup companies across all 50 U.S. states.

Our five-year strategic business plans include a company background analysis, industry research, economic research, a market analysis, a discussion of vision, mission, and goals, and a project management GANTT chart. Our five-year cash flow projections include three years of detailed month-to-month budgets, and two additional years of annual financial forecasts. All assumptions, research, and calculations leading to the figures shown in the budget are described in footnotes.

Yes. Many business lenders require a business plan and cash flow projections in order to approve a loan. Small Business Administration (SBA) financing often has the same requirements and may offer opportunities to fund your startup.

Savings depend on property value and asset classification, but many clients save tens of thousands of dollars from their tax bills over the course of their new accelerated depreciation schedule.

Yes, our reports follow all IRS guidelines.

Generally, cost segregation is most beneficial for commercial properties, but some residential properties may qualify.

Yes! We work with property owners across all 50 U.S. states.

Reach out to us & we'll send you a sample tax savings report. Email: info@valueplanningreports.com Phone: (218) 673-8502 Book a Discovery Call: https://www.valueplanningreports.com/book-online

A cost segregation study is a strategic tax planning tool used to accelerate depreciation deductions, thereby improving cash flow. At Development Theory, we leverage this tool to help businesses, particularly those holding significant real estate assets, to allocate costs in more current periods. Here’s how it works: Assessment: We conduct a thorough analysis of your real estate assets, reclassifying certain property components from long-term to short-term depreciation schedules (typically 5, 7, or 15 years instead of the standard 27.5 or 39 years). Identification: Our experts identify and segregate personal property assets, land improvements, and building components that may qualify for accelerated depreciation. This includes fixtures, lighting, electrical installations, and specialized plumbing. Allocation: Costs are then allocated to these shorter-lived asset categories, allowing you to claim more significant depreciation deductions upfront. Documentation: We provide detailed documentation supporting the reclassification, ensuring compliance with IRS regulations. The primary benefit of a cost segregation study is enhanced cash flow due to increased depreciation deductions in the early years following property acquisition or improvement. This can lead to substantial tax savings, which can be reinvested into your business for development, growth, or other strategic initiatives. At Development Theory, our expertise in business valuations and strategic growth plans allows us to offer tailored cost segregation studies that align with your overall financial strategy, ensuring that you maximize tax benefits while adhering to all regulatory requirements.

Ideally, you should start planning your exit 3 to 5 years before you want to be done. It can also be a good idea to start thinking about exit planning after you've owned your business for 5 or more years. At that point, your business may be out of its high growth phase. If that's the case, it may be time to start thinking about how to package your business for its next chapter, even if that is many years away.

Yes. We can help ensure a smooth transition for family-owned businesses. There are five ways to exit a business - sale, management buyout, gifting, private equity recapitalization, or employee stock ownership plans. Depending on how you would like to transfer your family business, we have strategies and ideas to share with you.

We provide business valuations, exit plans, succession planning strategies, and tax advising services, but we don't perform broker services. We can refer you to a business broker if you're interested in moving forward with a sale.

Yes! We work with small business owners across all 50 U.S. states. Our secure online portal makes it easy to work with us from anywhere.

Our exit plan reports include a company background analysis, a summary of your retirement and business goals, a summary of your financial and mental readiness for retirement, an analysis of the various exit options available to you, an estimate of the current value of your business, deal structuring ideas, and discussion about strategies to minimize estate taxes. Reach out to us & we'll send you a sample tax savings report. Email: info@valueplanningreports.com Phone: (218) 673-8502 Book a Discovery Call: https://www.valueplanningreports.com/book-online

Reach out to us & we'll send you a sample calculation of value report and growth plan. Email: info@valueplanningreports.com Phone: (218) 673-8502 Book a Discovery Call: https://www.valueplanningreports.com/book-online

We can't promise that you will get a business loan or investors (there is a lot more that goes into that decision than just a good strategic plan), but it might. Your growth plan report will be a roadmap that shows you how to increase your business's value, and the specific ways you can do that. Banks and investors love to see a solid, defensible plan. Our growth consulting service won't hurt your chances!

Typically, the growth strategies report is finished in 2 to 4 weeks, but it can take anywhere from one year to five years to fully implement the strategies and recommendations needed to increase your business's value.

Yes! We work with small business owners across all 50 U.S. states. Our secure online portal makes it easy to work with us from anywhere.

A mini business valuation, called a calculation of value, is included to assess your business's current value. A calculation of value provides an estimate of the current value and is more streamlined than a full valuation. It is a great tool for strategic planning and costs less than a full business valuation.

Yes! We work with small business owners across all 50 U.S. states. Our secure online portal makes it easy to work with us from anywhere.

We ask for 5 years of business tax returns, the current year's income statement and balance sheet, corporate documents (operating agreement, Articles of Incorporation, etc.), and cash flow projections (if available). We may ask for additional documents once we begin the valuation process.

It is easier than you’d think! We do the hard parts - all you have to do is provide us with the documents we request and answer some basic questions about your business. You'll know most of the answers off the top of your head! We use an online portal that shows you each step and keeps you on track. The process usually takes just a few weeks after we get all the documents and answers to the valuation questionnaire, which are all in the portal.

We ask you about how your business operates, its business model, history, ownership, products, and services. We also ask for and analyze your financial information. Development Theory uses some outside research and usually three methods to determine the final value. During this process, we will ask questions throughout the process and go over the draft valuation with you in a phone or video meeting. You can suggest changes to ensure the valuation is accurate. Once finalized, the report will be sent to you. A typical business valuation report includes around 24 exhibits and is usually between 50 and 100 pages long.

We can work around the information that you do have. As long as we can put together a reasonable set of cash flow projections for your business, or if we can recreate its historic financial statements, we can determine its value. If you are a startup and don't have any financial statements, we can value your business based on its expected future performance. If you don't keep accounting records, or if they are not accurate, we offer a QuickBooks Clean-Up service and Bookkeeping services to help with that.

Our team includes a Certified Valuation Analyst and those with other financial qualifications, Master Analyst in Financial Forensics being one. Development Theory performs dozens of valuations per year and has experience working with small businesses across all industries.

Yes. You will get a full valuation report that meets the National Association of Certified Valuators and Analysts (NACVA) standards. Our reports include a company background analysis, historic financial statement analysis, benchmarking (ratio) analysis, industry research, economic research, valuation methodology summary, and opinion of value.

After we receive the information and documents we ask for, it typically only takes 3-4 weeks for us to finish your business valuation.

If you are ready to move forward, reach out to us and we will send you an invite to our portal. The portal is where you will go through the business valuation process, starting with an engagement letter (contract), questionnaires about your business, and document requests. Email: info@valueplanningreports.com Phone: (218) 673-8502 Book a Discovery Call: https://www.valueplanningreports.com/book-online

Reach out to us & we'll send you a sample business valuation report. Email: info@valueplanningreports.com Phone: (218) 673-8502 Book a Discovery Call: https://www.valueplanningreports.com/book-online

Yes. Our reports meet the Small Business Administration lending standards and can be used for most business loans, even in-house lending. We are happy to work with your banker to ensure that our report is provided in time for your closing.

A calculation of value (part of our Growth Consulting service) is a simple way to find out how much a business is worth compared to a full business valuation. It is useful for planning or when you need a quick answer about your business's value. A calculation also includes a report with supporting exhibits. A calculation of value is a lower cost way to estimate the value of your business. A business valuation is a lot more detailed (often ending up between 50 and 100 pages long, with 24 exhibits showing our detailed calculations) and can be used in formal situations: SBA lending, business lending, litigation, divorce proceedings, arbitration, mediation, etc.

Typically, the process of cleaning up your accounting records takes between 4 and 6 weeks. However, it depends on how complex your business is & how many transactions happened in the period of time we're cleaning up.

We hope so! We will provide you with a one-hour training session to go over our findings and ways to keep your books in order going forward. We also offer a Bookkeeping service if you'd like us to handle your accounting records for you after the cleanup.

Yes! We work with small business owners across all 50 U.S. states.

We specialize in QuickBooks Online. However, we can clean up your QuickBooks Desktop file and then transfer it to QuickBooks Online for you as a part of the cleanup process.

We offer Bookkeeping services and QuickBooks Clean-Up services. Reach out to us to see how we can help get you ready for tax season.

Yes! We handle both.

Most returns are prepared and filed 7-10 business days after receiving all of the documents and information we request. If we don't receive everything we need, or if you send everything to us at the last minute, we may need to file an extension for your tax returns. Don't worry, we will get them done!

Yes! Our tax filing service includes all supporting schedules relevant to your situation and chosen tax strategies.

Yes, we need all relevant tax documents to ensure accurate filing. We will give you a tax questionnaire and a list of the documents we need each year to make sure we get everything we need.

Depending on our team's availability, a Certified Public Accountant (CPA), Enrolled Agent (EA), Annual Filing Season Program (AFSP) expert, or tax accountant with similar professional credential will prepare your tax returns.

Absolutely! Our online portal makes everything seamless. We work with small business owners across all 50 U.S. states.

It is up to you! We can process payroll weekly, bi-weekly, or monthly based on your needs.

Absolutely! We ensure federal, state, and local compliance.

We generate and file all required documents for you, providing you with copies of the finalized & filed payroll reports.

Yes! We use your QuickBooks Online account to process your payroll, set up employees' direct deposits, take tax withholdings, store payroll reports, and file payroll tax filings.

We provide pay stubs, payroll detail reports, summarized payroll reports, withholding reports, and other payroll reports as necessary. Reach out to us & we'll send you a samples of the types of payroll reports we run. Email: info@valueplanningreports.com Phone: (218) 673-8502 Book a Discovery Call: https://www.valueplanningreports.com/book-online

We update your financials in QuickBooks monthly (more often if needed), and send you a packet at the beginning of the next month showing you how you did. These packets include income statements, balance sheets, cash flow statements, budget versus actual reports, key metrics, and other reports unique to your business.

Yes! Reach out to us & we'll send you a sample monthly financial report packet. Email: info@valueplanningreports.com Phone: (218) 673-8502 Book a Discovery Call: https://www.valueplanningreports.com/book-online

Our team performs detailed reconciliations every month to your business's bank accounts, credit card statements, loan statements, and similar reports. While we don't go looking for theft, fraud, or other malicious activities, if you suspect that something like that is happening in your business, ask us to check for it! We have forensic accounting experts and certified Master Analysts of Financial Forensics on our team that are happy to dig into your books and figure out what is going on.

Yes! We always prepare accurate and GAAP-compliant financial statements for our clients. We can also prepare cost accounting or management accounting reports to help you see clear financial insights and make informed decisions about specific projects, products, or services.

Nope! We work with small business owners across all 50 U.S. states. Our secure online portal makes it easy to work with us from anywhere.

Yes, we currently only work with QuickBooks Online (because we love it so much!) If you're not already in QuickBooks, we will get you set up. If you use QuickBooks Desktop or another accounting system, we can easily transfer you over to QuickBooks Online. Once you're set up with QBO, you'll be able to log in to your account from anywhere and check on your business's finances, upload pictures of receipts, connect your business's bank account or credit cards, and see real-time data.

Reach out to us & we'll send you a sample tax savings report. Email: info@valueplanningreports.com Phone: (218) 673-8502 Book a Discovery Call: https://www.valueplanningreports.com/book-online

Our team of experts closely monitors updates and changes in tax regulations and provides timely & accurate advice. We always give our clients tailored tax planning strategies to ensure our clients maximize their tax benefits while remaining fully compliant.

No! We can provide just strategic tax planning services if you like. You can still use your regular tax prep firm while working with us. If you decide that you do want us to do your tax preparation, we're happy to help with that too!

No! We work with small business owners across all 50 U.S. states. Our tax advisors are MSCTAs (Main Street Certified Tax Advisors) and are trained in help clients in any state. Our secure online portal makes it easy to work with us from anywhere.

Most clients will find ways to save on their tax bill during the first meeting with one of our tax advisors. Those savings will show up on your next tax return.